New Delhi, Sep 1 (PTI) The GST Council will meet on September 17 in Lucknow which among other things may review concessional rates on Covid essentials.

"Finance Minister Smt @nsitharaman will chair the 45th meeting of the GST COUNCIL on 17th September at Lucknow,” the Finance Ministry tweeted.

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The previous Council meeting was held via videoconferencing on June 12 during which tax rates on various Covid essentials were reduced till September 30.

Goods and Services Tax rates were slashed on Covid drugs such as Remdesivir and Tocilizumab as well as on medical oxygen, and oxygen concentrators other Covid essentials.

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The meeting on September 17 could discuss compensation to states for loss of revenue, review of rates on Covid essentials, and inverted duty on certain goods.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)